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Dec 1, 2012
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. >> a stalemate, said speaker boehner, and the clock is ticking. meanwhile, the president hosts more ceos this week. here at the white house, he's got governors in and he's going to continue his public campaign to pressure house republicans. >> joe and minka are with us now for this regular cup of "weekend mojo." good to see you both. >> good to be back. >> good to be here. >> you were saying this proposal is a nonstarter. if it's a snnonstarter, why not put something that's a starter? >> minka said i always give lousy first offers when i'm buying a condominium, but the problem is we're so close to the fiscal cliff that you wonder why the president and the white house did what they did. not because they didn't have a right to start there and play hardball, but because john boehner is balancing. republicans say they will never, ever, ever vote for a tax increase, and those who say okay, well, let's make a deal. and i just think the president, by starting with a proposal that even "the wall street journal" said was provocative, maybe not the best fir
. >> a stalemate, said speaker boehner, and the clock is ticking. meanwhile, the president hosts more ceos this week. here at the white house, he's got governors in and he's going to continue his public campaign to pressure house republicans. >> joe and minka are with us now for this regular cup of "weekend mojo." good to see you both. >> good to be back. >> good to be here. >> you were saying this proposal is a nonstarter. if it's a snnonstarter, why not...
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Nov 29, 2012
11/12
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. >> reporter: white house negotiators are meeting with boehner and top republicans and democrats. executives from big companies heard the plan wednesday at the white house. at least one thinks there could be a deal here. >> if i were involved in a negotiation like this and everybody was purporting to be where they are, i would say that an agreement was reachable. >> i'm hopeful, but i wouldn't put me anywhere near optimistic. >> reporter: one conservative republican is now suggesting that while negotiations continue on whether the wealthy to pay more, congress should stop tax rates from going up on the middle class now. >> we're not going to raise taxes on those people, and i think we ought to go ahead and make that abundantly clear to everybody and take it out of the negotiation. >> reporter: bottom line, no deal yet. both sides are still talking. and both sides signaling that they're willing to give up something here to get this done and get it done on time. lynn? >> all right, tracie potts for us in washington. tracie, thanks. >>> well, it is not how he wanted to get there, but
. >> reporter: white house negotiators are meeting with boehner and top republicans and democrats. executives from big companies heard the plan wednesday at the white house. at least one thinks there could be a deal here. >> if i were involved in a negotiation like this and everybody was purporting to be where they are, i would say that an agreement was reachable. >> i'm hopeful, but i wouldn't put me anywhere near optimistic. >> reporter: one conservative republican is...
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Nov 29, 2012
11/12
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yesterday investors reacting positively to comments from president obama and house speaker john boehner about the likelihood that congress will reach a budget deal to avoid that so-called year-end fiscal cliff. today we'll get data on unemployment claims, we'll get pending home sales and a revised estimate on third quarter gdp which may show the economy grew more than previously thought this summer. the dow jumped 106 points to 12,985 while the nasdaq was up nearly 24 points to 2991 on those positive comments. meantime small businesses hit it big on cyber monday. digital research firm big commerce says a surge in orders drove overall revenue for small chains and mom and pop stores up 25% over last year's cyber monday. the average order price was 8% higher. online shoppers bought so much stuff, local retailers were averaging about two orders per second. that's four times the normal daily rate. >>> you know, it seems as though every single day during the holiday season has its own title. small business saturday, cyber monday, now it's cyber week. i'm wondering if every day between now and
yesterday investors reacting positively to comments from president obama and house speaker john boehner about the likelihood that congress will reach a budget deal to avoid that so-called year-end fiscal cliff. today we'll get data on unemployment claims, we'll get pending home sales and a revised estimate on third quarter gdp which may show the economy grew more than previously thought this summer. the dow jumped 106 points to 12,985 while the nasdaq was up nearly 24 points to 2991 on those...
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Nov 30, 2012
11/12
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stocks reversed early gains and fell shortly after house speaker john boehner dashed hopes that lawmakers were getting closer to agreeing on a year-end budget deal. but all three major markets bounced back by the afternoon. >>> economic data was positive at home thursday. we'll see what impact there is today from grim news out of europe. eurozone unemployment has hit another record high at 11.7% in october. >>> meanwhile, a number of retailers posted poor sales hammered by superstorm sandy's impact on the northeast. >>> a bankruptcy judge has given hostess final clearance to start selling off assets and approved $1.8 million in bonuses for company executives. >>> verizon wireless tops this year's "consumer reports'" ranking of major carriers. it was at&t that came in last behind sprint and t-mobile, except among 4g users where it was the best. >>> where is the best country to be born in 2013? well, when factoring in life expectancy, divorce rates, and rainfall, it's switzerland according to "the economist." the u.s. tied with germany at 16. >>> well, why is basketball legend michael jorda
stocks reversed early gains and fell shortly after house speaker john boehner dashed hopes that lawmakers were getting closer to agreeing on a year-end budget deal. but all three major markets bounced back by the afternoon. >>> economic data was positive at home thursday. we'll see what impact there is today from grim news out of europe. eurozone unemployment has hit another record high at 11.7% in october. >>> meanwhile, a number of retailers posted poor sales hammered by...
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Dec 6, 2012
12/12
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the president resumed discussions with boehner on wednesday. however, treasury secretary tim geithner kept up the tough talk telling cnbc the administration would let automatic spending cuts and tax increases take effect if republicans refused to raise tax rates on upper income americans. >>> secretary of state hillary clinton and russia's foreign minister are holding surprise talks today on the deepening crisis in syria. the u.s. is concerned that syrian president assad's regime is on the verge of releasing chemical weapons against its own people. allies want assad to step down to prevent bloodshed. russia is syria's strongest ally. so support for any plan is critical. >>> search and rescue teams are still finding survivors two days after a powerful typhoon bopha struck the southern philippines, but the death toll has climbed beyond 375, and hundreds of people are still missing there. survivors include a 3-year-old child pulled from under a crumbled house and a man who lived for two days eating nothing but coconut. >>> kate, the pregnant duche
the president resumed discussions with boehner on wednesday. however, treasury secretary tim geithner kept up the tough talk telling cnbc the administration would let automatic spending cuts and tax increases take effect if republicans refused to raise tax rates on upper income americans. >>> secretary of state hillary clinton and russia's foreign minister are holding surprise talks today on the deepening crisis in syria. the u.s. is concerned that syrian president assad's regime is on...
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Nov 30, 2012
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afterward, house speaker john boehner said the white house had not proposed spending cuts needed to win critical republican votes. >> i have to tell you, i'm disappointed in where we are, i am disappointed in what's happened in the last couple weeks. >> reporter: senate majority leader harry reid fired back saying democrats put forward a serious plan and ridiculed boehner when asked about the argument that the ball is in the democrats' court. >> i don't understand his brain, so you should ask him. >> reporter: away from the hill, vice president biden took his own steps to push for fiscal cliff compromise, stopping in d.c.'s first costco. warning the economy could suffer greatly if lawmakers can't get a deal done. he proudly flashed his store membership card. >> i went to get my wife's card, she said no, no, no, get your own. >> reporter: according to sources at the white house and on the hill, treasury secretary geithner offered a plan that includes $1.6 trillion in new taxes and $400 billion in spending cuts. it is essentially the budget proposal from last year, a plan republicans call
afterward, house speaker john boehner said the white house had not proposed spending cuts needed to win critical republican votes. >> i have to tell you, i'm disappointed in where we are, i am disappointed in what's happened in the last couple weeks. >> reporter: senate majority leader harry reid fired back saying democrats put forward a serious plan and ridiculed boehner when asked about the argument that the ball is in the democrats' court. >> i don't understand his brain,...
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Nov 30, 2012
11/12
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thank you. >> those remarks from house speaker john boehner. and more about the fiscal cliff negotiations with house majority leader eric kantor. >> what was your reaction? >> you know, i think we have said that offer is not a serious offer. all of a sudden they're asking for $1.6 trillion in tax hikes and nowhere near that number in spending reforms. and what we've always said is we want to fix the problem. we want to make sure that we get a hand on these unfunded obligations connected with the into itment programs. we want to start the spending problem so we can then go about trying to manage down the debt and deaf sifment and we don't want to aggravate a struggling economy. we want to get people back to work, which is why again, we take the position that raising tax rates is absolutely not something that helps get people back to work. >> what was the importance of that, rather than just going ahead with visas that you agree are very, very important? >> well, again, what we believe is this was the first step forward in terms of trying to addr
thank you. >> those remarks from house speaker john boehner. and more about the fiscal cliff negotiations with house majority leader eric kantor. >> what was your reaction? >> you know, i think we have said that offer is not a serious offer. all of a sudden they're asking for $1.6 trillion in tax hikes and nowhere near that number in spending reforms. and what we've always said is we want to fix the problem. we want to make sure that we get a hand on these unfunded obligations...
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Nov 30, 2012
11/12
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. >> just yesterday house speaker john boehner calling the massive tax increases and spending cuts scheduled for january 1st a real possibility, but many washington insiders say yes, a deal is still doable. keep hope alive. >> keep hope alive for a break in the rain this morning. it is coming down out there and flash flood warnings in effect. >> yeah, that's nothing to mess with. driving conditions right in the heart of when everybody is trying to get to work. we have heavy rain over parts of the bay area. even though you may not have been awakened by the heavy raindrops on your house, well, we've got a lot of rain you'll have to drive to work through. as you can see, the brunt of the storm is now moving through. you can see the yellow concentrated over san jose. look at that deep red and hot pink. that's a thunderstorm cell we've been tracking for you just to the east of concord right now. san jose getting slammed with heavy pockets of rain. same for menlo park. as we progress through the morning we'll see more of this yellow and orange move onshore, which means your drive is only going to
. >> just yesterday house speaker john boehner calling the massive tax increases and spending cuts scheduled for january 1st a real possibility, but many washington insiders say yes, a deal is still doable. keep hope alive. >> keep hope alive for a break in the rain this morning. it is coming down out there and flash flood warnings in effect. >> yeah, that's nothing to mess with. driving conditions right in the heart of when everybody is trying to get to work. we have heavy...
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Nov 29, 2012
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hill today for individual meetings with each member of the congressional leadership, including speaker boehner. wednesday, mr. obama brought back a campaign atmosphere, surrounding himself with what he called average middle class families to ramp-up pressure on republicans. >> if congress does nothing, every family in america will see their taxes automatically go up at the beginning of next year. >> reporter: the president wants congress to extend the bush tax rates for those making less than $250,000, but let taxes go up for everyone else. he's taking that message on the road friday to pennsylvania. not to be outdone on the pr front, house republicans hosted a group of nervous business leaders who have signed on to a campaign called "fix the debt" who want spending cuts to supplement the tax hikes. >> we put revenue on the table as long as it's accompanied by serious spending cuts to avert this crisis. >> reporter: and as the president gets set to change up his cabinet, he took time out of wednesday's cabinet meeting to defend the woman who could be his next secretary of state. >> susan rice
hill today for individual meetings with each member of the congressional leadership, including speaker boehner. wednesday, mr. obama brought back a campaign atmosphere, surrounding himself with what he called average middle class families to ramp-up pressure on republicans. >> if congress does nothing, every family in america will see their taxes automatically go up at the beginning of next year. >> reporter: the president wants congress to extend the bush tax rates for those making...
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Dec 6, 2012
12/12
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and i'm glad that congressman meeks will be carrying the boehner for this very important region in the world. it's important for a lot of reasons, but one of those reasons is the potential for energy, energy to really free western europe from other alternative sources that may not be right for them all right for the world. and that it is not in certain countries best interest, iran, russia, come to light for the pipeline to go through, to bring those natural energies, oil and gas resources to parts of the world that would like to have an alternative source. and i think it is important for congress to keep an eye on this region, and to make sure that the ability that is in place continues and that these emerging markets are allowed to continue to grow and prosper. because i truly believe that they are a bright spot in the world's future. i yield back. >> thank you very much. ariel cohen is the leading expert in russia, eurasia, eastern europe and the middle east. he serves as a senior research fellow in russian and eurasian studies and international energy policy at the heritage foundat
and i'm glad that congressman meeks will be carrying the boehner for this very important region in the world. it's important for a lot of reasons, but one of those reasons is the potential for energy, energy to really free western europe from other alternative sources that may not be right for them all right for the world. and that it is not in certain countries best interest, iran, russia, come to light for the pipeline to go through, to bring those natural energies, oil and gas resources to...
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Nov 29, 2012
11/12
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it is encouraging to hear speaker banner and republicans talk about the -- speaker boehner and republicans talk about the need to increase revenues. my personal opinion, which is why i am a republican in part, a 40% federal tax rate at the top rate is an awful lot of money to take out of anybody's paycheck. i do not care how much money you are making. i want to seek competitive, flattered, broader tax system. i believed that the purpose of the tax code as a republican is not to create a quality, is not to decide who gets what share of an ever shrinking pie -- is to collect the revenues sufficient to operate the government. we should do it in the most of -- the efficient way possible. clearly, when you look at the fiscal condition, the consequences of going over the fiscal cliff -- republicans are going to have to abrogate that pledge. it is not conservatism bound to 35% tax rate. that is not one of the and mutable principles of american conservatism. we want taxes to be as low as they can possibly be while running a government that is not bankrupt and in structural deficit for as far as th
it is encouraging to hear speaker banner and republicans talk about the -- speaker boehner and republicans talk about the need to increase revenues. my personal opinion, which is why i am a republican in part, a 40% federal tax rate at the top rate is an awful lot of money to take out of anybody's paycheck. i do not care how much money you are making. i want to seek competitive, flattered, broader tax system. i believed that the purpose of the tax code as a republican is not to create a...